High end if they buy the property and build to sell. But I know the owner, and I think he'll work within your budget if you have the lot. I know he occasionally will do remodels, so I suspect he may be willing to discuss. Great guy. Worth calling and talking to them. He also lives in McLean, so he's not going to put crap into his own backyard. |
| http://www.gibsonbuilders.com/ and http://www.sandyspringbuilders.com/ are the best custom home builders in this area. |
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OP, do you have a lot in McLean? If not, get a lot first. In the meantime, or if you have a lot, look around in the McLean neighborhoods (or Vienna or anywhere else you are willing to travel) to see if you can find any houses that you like from the outside. Ask the owners who the builder is and then interview these builders.
Prepare a house spec list (to be as detailed as possible) so that you can compare apples to apples when the builders submit a proposal or estimate to you. You will find out that many not interested or semi-interested builders will not respond to your request. When you are down to a few builders who are the final candidates, then make a decision or come to ask questions about their reputation and do reference checks. A warning about custom homes... Anything custom is likely to contain more "bugs" than a standard plan since the likely bugs for an existing plan were worked out during previous iterations. In this area, builders are generally general contractors. Thus, it is quite important to interview the project manager (or foreman) for your house. If you have a decent project manager, then it will save you a lot of money and headaches. To some extent, an experienced project manager is more important than who the builder is. Construction crew will make mistakes, and how to spot the problems and how to fix them is super crucial. |
Thank you very much! It is very helpful information! |
Thanks! It is very helpful. Do you mind to share your well known middle-of-the road affordable builder? |
NP. Let me see if I got the math right... for 5000 sq ft, using lower amount, it will cost $1M just for the construction cost? Then add $800K for lot cost and maybe $200K site prep & misc. That's $2M all in. If we held the house for 10 years, I wonder how much it would appreciate. Or most of $2M a sunk cost for living in McLean in a new build? |
I don't think you build a custom home these days as an investment. They are too unique and one of a kind to translate into the general marketplace. 10 years from now they will feel dated and have a lot of new houses to compete with. |
LOL! Yes as a matter of fact. Cheaper builders can use lower quality drywall, sometimes even cheaper regional brands. Higher end builders will use more expensive brands like Gold Bond and Certainteed because their labor is higher and the lower defect/joint/rework rate makes it worth while to use high quality drywall. And yes all Concrete pours are not the same - while a builder may not pay for a higher PSI concrete, the better subs will dig deeper footers, and their forms won't be as or contain waves. If the fake brick texture will be left exposed, better subs will make sure the pattern stays even without breaks. Better builders will use screws instead of nails for the sub floor, and a pre-coated lumber such as the ZIP system rather than plain bare OSB lumber. I could go on, but I am not an expert on house construction; I am sure someone from a higher end builder can chime in and correct anything I've said wrong. |
PP here. I would rather not give out the name since 1) the company has changed dramatically and I am no longer familiar with how good their building process is so I can no longer recommend them, and 2) there's already plenty of very good recommendations on the thread and you wouldn't miss this one. The company builds in the $100-$125 per-finished-sqft range not including finished basement - finishing the basement would pull the per-finished-sqft cost down below $100. For this price the company does a commendable job building the house itself, but was sub par in terms of exterior and interior design. We knew this going in, and felt it was more important to have a solid house, than a cheaply built trendy looking house. One of their homes sold for 3.5M so they are capable of building some fairly large homes of >10,000 sqft. I really like James McDonald's designs and if I were to do it all over again, I would perhaps consult with him and see if he works with more budget oriented builders. He can make a simple house look well proportioned and tasteful. You can keep the interior trim and fixtures simple to fit within a budget, and do renovation projects in the future. |
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Just exercise caution and don't "build your dream". Look through existing plans, drive around to find houses you like, and say "I want something like that". Look at the homes in Woodlea Mill, which were built over 20 years ago and have aged far better in their appearance than any spec homes in large suburban developments. They still look fantastic. Some of the interior trim can use an update, but it's very very minor stuff. That said, $2M in McLean for a 5000sqft home sounds high and is going to lose out to cheaper built competition that boasts more sqft for the money. I feel you have to hit the 6000sqft threshold for a multi-million dollar house to be taken seriously in McLean. I remember seeing this one BEAUTIFULLY constructed home, like the entire exterior was built with cedar, fell absolutely in love with it, but knew that it wouldn't sell well in McLean because it was only about 4000sqft. |
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I think those numbers look about right if you are going the semi-custom route (e.g., Gulick). The site prep figure could be a little lower depending on the complexity of the site and whether you need a well, septic, retaining walls, etc. Note that this only includes basic landscaping. If you are going to plant a lot of trees, do a lot of hardscaping, or put a pool in, the landscaping budget can get big very fast. Depending on the lot size, you could easily spend $200-300K or more in landscaping. This also doesn't include architecture fees. If you go the semi-custom route, you can modify their plans, so architecture costs won't be bad. If you want to start from scratch and go full custom, expect $50-100K in architecture costs. I really enjoyed the custom build process and would do it again if I had the opportunity. However, I think it is difficult to think of it as a good investment. If you are looking for appreciation / ROI, you would be much better off trying to find a deal on an existing home that suits your needs. If you are thinking about going the semi-custom route anyway, there are likely many homes with a similar floor plan available for sale in Great Falls and McLean. The upside of a custom home is that you get everything the way you want it. The downside is that you are at a significant cost disadvantage relative to existing construction, particularly houses in luxury spec communities like Gulick's that are built using economies of scale. |